Nowadays many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case? What could be the advantages and disadvantages of being self-employed?
Self-employment is becoming attractive nowadays. Many
people
prefer this
path over being an employee. In this
essay, I will discuss the pros and cons of being self-employed.
An increasing number of individuals are moving away from working for companies and gravitate toward having their own business
or working as freelancers. Being self-employed has many advantages. First
, it gives the person flexibility regarding working hours. For example
, if someone is working for a company, they will be committed to come to work at a certain time and leave at a certain time. This
makes it hard sometimes to manage personal commitments, like dropping and picking up children from school. Second
, having a private business
can have unlimited potential for growing wealth. For instance
, Jeff Bezos started a small company selling books online, and as Amazon grew in size, he became one of the richest people
in the world. Third
, some people
don't like working for someone else and having a boss. Hence
, self-employment gives them the opportunity to do what they like without the downside of being managed.
On the other hand
, there are several disadvantages of having your own business
. Firstly
, there is no regular stream of income ,especially at the beginning. This
can be very frustrating for a household responsible to feed a family. Secondly
, there is no clear career path. This
ambiguity and lack of structure are not easy for anyone to manage. Thirdly
, being employed by an organisation comes with many benefits which self-employed people
are deprived of. For example
, airline companies employees enjoy the perk of travelling on standby for free. Moreover
, all companies offer health insurance which can be very expensive for someone managing their own business
.
In conclusion, self-employment can be very attractive for some people
for the benefits discussed above. However
, there are some drawbacks which makes some people
uncomfortable with it. I believe both paths offer good potential and people
should choose according to their preferences.Submitted by mariam.elmenabawy on
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